taxes Property Tax

School and Appraisal Districts Property Value Study 2015 Report

2015 ISD Summary Worksheet

084/Galveston

084-902/Galveston ISD

* This district is in year 1 of the grace period.


Category Local Tax Roll Value 2015 WTD Mean Ratio 2015 PTAD Value Estimate 2015 Value Assigned
A. Single-Family Residences 5,178,601,834 .9233 5,608,796,528 5,178,601,834
B. Multi-Family Residences 256,358,937 N/A 256,358,937 256,358,937
C1. Vacant Lots 393,620,737 .8446 466,043,970 393,620,737
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 378,564 1.1258 336,250 378,564
D2. Real Prop Farm & Ranch 2,900 N/A 2,900 2,900
E. Real Prop NonQual Acres 29,736,966 N/A 29,736,966 29,736,966
F1. Commercial Real 585,743,282 .8960 653,731,342 585,743,282
F2. Industrial Real 52,476,530 N/A 52,476,530 52,476,530
G. Oil, Gas, Minerals 31,809,344 N/A 31,809,344 31,809,344
J. Utilities 113,172,108 N/A 113,172,108 113,172,108
L1. Commercial Personal 239,779,319 N/A 239,779,319 239,779,319
L2. Industrial Personal 172,043,450 N/A 172,043,450 172,043,450
M. Other Personal 110,080 N/A 110,080 110,080
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 37,654,450 N/A 37,654,450 37,654,450
S. Special Inventory 8,154,830 N/A 8,154,830 8,154,830
Subtotal 7,099,643,331 7,670,207,004 7,099,643,331
Less Total Deductions 763,586,768   838,997,532 763,586,768
Total Taxable Value 6,336,056,563 6,831,209,472 6,336,056,563 T2*

The taxable values shown here will not match the values reported by your appraisal district

See the ISD DEDUCTION Report for a breakdown of deduction values

Government code subsections 403.302 (J) AND (K) require the Comptroller to certify alternative measures of school district wealth. These measures are reported for taxable values for maintenance and operation (M&O) tax purposes and for interest and sinking fund (I&S) tax purposes. For districts that have not entered into value limitation agreements, T1 through T4 will be the same as T7 through T10.

Value Taxable For M&O Purposes

T1 T2 T3 T4
6,434,858,454 6,336,056,563 6,274,229,342 6,175,427,451


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
98,801,891 160,629,112


T1 = School district taxable value for M&O purposes before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value for M&O purposes after the loss to the additional $10,000 homestead exemption and the tax
ceiling reduction

T3 = T1 minus 50% of the loss to the local optional percentage homestead exemption

T4 = T2 minus 50% of the loss to the local optional percentage homestead exemption

Value Taxable For I&S Purposes

T7 T8 T9 T10
6,434,858,454 6,336,056,563 6,274,229,342 6,175,427,451

T7 = School district taxable value for I&S purposes before the loss to the additional $10,000 homestead exemption

T8 = School district taxable value for I&S purposes after the loss to the additional $10,000 homestead exemption and the tax
ceiling reduction

T9 = T7 minus 50% of the loss to the local optional percentage homestead exemption

T10 = T8 minus 50% of the loss to the local optional percentage homestead exemption

The PVS found your local value invalid, but local value was certified because your school district is in year one of the grace period.